Variance
AI Agents for Fraud Review and Investigations
San Francisco, United States · Founded 2022 · $26.0M raised
- Headquarters
- San Francisco
- Employees
- 11–50
- Founded
- 2022
- Business Model
- SaaS
- Website
- variance.com
- Total Funding
- $26.0M
- Last Round
- $21.5M Series AMar 2026
- Rounds
- 2
About
Variance is a San Francisco-based AI platform founded in 2022 by Karine Mellata and Michael Lin, veterans of Apple's fraud engineering and algorithmic risk team. The company builds agentic AI that autonomously executes fraud investigation, KYC, KYB, AML, and transaction monitoring workflows for Fortune 500 companies and regulated financial institutions. Variance's platform processes more than 70 million context signals per day and executes approximately 300,000 automated enforcement actions across customer environments, returning fully documented compliance decisions in minutes rather than days. The company raised a $21.5 million Series A led by Ten Eleven Ventures in March 2026, with participation from Y Combinator, 645 Ventures, and Okta Ventures.
Summary
Variance is an Artificial Intelligence company based in San Francisco, United States, founded in 2022. It has raised $26.0M in total across 2 rounds, most recently a $21.5M Series A round in Mar 2026.
Tech & App Stack
3 technologies & apps tracked
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Funding History
Mar 2026
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Seed through Series A — per-round amounts, valuations, and who invested in each round.
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